the stock markets are in bad shape too
What's the reason behind this bad market?
Fed raising rates, earnings misses as well, GDP down, Fed jawboning
Is it only temporary or forever?
The Fed is trying to fight inflation, so they are using the tools at their disposal; first is raising interest rates, second is trying to talk to the market to slow it down .. it wants to avoid a bubble scenario like happened in 2008 .. I don’t think this is forever, but sentiment isn’t the best at the moment …
Main thing you can do is pay attention to the Fed meeting next week .. also, the CPI figures for April should also be released, so look for these as they will be important areas the market will be focused on!
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